maniacalmanicmania to AustraliaEnglish · 5 days agoEconomists respond to minister insisting house prices shouldn't fallwww.abc.net.auexternal-linkmessage-square18fedilinkarrow-up126arrow-down10
arrow-up126arrow-down1external-linkEconomists respond to minister insisting house prices shouldn't fallwww.abc.net.aumaniacalmanicmania to AustraliaEnglish · 5 days agomessage-square18fedilink
minus-squareAussiemandeuslinkfedilinkEnglisharrow-up1·2 days agoYeah so effectively everything that is paid to employees is considered an expense to business. So for simple numbers Bring in 10k through work, Pay 5k in wages and then pay tax on the other 5k Small businesses is Australia pay 25 percent so you then owe 1250 in tax Not pay tax on the 10k then make wages out of the remaining 7500
Yeah so effectively everything that is paid to employees is considered an expense to business.
So for simple numbers
Bring in 10k through work,
Pay 5k in wages and then pay tax on the other 5k Small businesses is Australia pay 25 percent so you then owe 1250 in tax
Not pay tax on the 10k then make wages out of the remaining 7500